Power to relax strict enforcement of the regulations

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..... ulations, if the Board is satisfied that- a) the requirement is procedural in nature; or b) any disclosure requirement is not relevant for a particular class of industry or company; or c) the non-compliance was caused due to factors beyond the control of the acquirer. (2) For seeking relaxation under sub-regulation (1), the acquirer or the company shall file an application with the Board, supporte .....

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..... regulatory sandbox in the securities markets. (5) Any exemption granted by the Board under sub-regulation (5) shall be subject to the applicant satisfying such conditions as may be specified by the Board including conditions to be complied with on a continuous basis. Explanation,- For the purposes of these regulations, regulatory sandbox means a live testing environment where new products, process .....

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